DGP 주가 전망 및 ETF 분석 - 배당·운용보수·보유종목·NAV·RSI·MACD

DGP

DB Gold Double Long ETN

7월 28일 3:48 PM ET (한국 7/29 04:48)

$130.16

-3.55 ▼ -2.65%

🌙 7월 28일 6:19 PM ET (한국 7/29 07:19)

$130.16

+0.00 +0.00%

DGP ETF is analyzed across 10 metrics including expense ratio, holdings, sector allocation, dividends, RSI, and MACD.

Total Expense Ratio

0.75%

Annual operating cost

Net Assets (AUM)

$227M

약 3114억원

Holdings

Dividend Yield

Management Style

Passive

Category ⓘ	Commodities & Metals - Leveraged / Inverse	Asset Type ⓘ	Commodities & Metals	Return% 1Y ⓘ	29.27%	Total Holdings ⓘ	-	Perf Week ⓘ	-2.65%
ETF Type ⓘ	Global Commodities & Metals	Active/Passive ⓘ	Passive	Return% 3Y ⓘ	47.66%	AUM ⓘ	$227M	Perf Month ⓘ	-3.01%
Expense ⓘ	0.75%	NAV ⓘ	$132.55	Return% 5Y ⓘ	27.88%	52W High ⓘ	-48.5%	Perf Quarter ⓘ	-28.07%
Dividend TTM ⓘ	-	Div Gr. 3/5Y ⓘ	-	Return% 10Y ⓘ	16.61%	52W Low ⓘ	34.48%	Perf Half Y ⓘ	-40.21%
Flows% 1M ⓘ	-	Flows% YTD ⓘ	-	Return% SI ⓘ	9.37%	Volatility(W/M) ⓘ	1.99% 2.8%	Perf YTD ⓘ	-19.16%
SMA20 ⓘ	-2%	SMA50 ⓘ	-10.61%	SMA200 ⓘ	-23.83%	RSI (14) ⓘ	42.49	Beta ⓘ	0.34
IPO ⓘ	2008/2/28	Prev Close ⓘ	$133.71	Perf Year ⓘ	29.89%	Avg Volume ⓘ	0.19M	Price ⓘ	$130.16

📊 DB Gold Double Long ETN (DGP) Investment Analysis

ETF Overview

DB Gold Double Long ETN · Commodities & Metals - Leveraged / Inverse

원자재형 — 금·원유·농산물 등 실물 자산 노출

2008년 상장, 18년 운영 중.

DB Gold Double Long ETN는 운용 비용 차감 후 Deutsche Bank Liquid Commodity index - Optimum Yield Gold Excess Return 일일 성과의 2배 복제를 목표로 합니다. 이 지수는 특정 금 선물 계약의 시장 가치 변화를 반영하도록 설계되었으며, 단일 비자금화 금 선물 계약으로 구성됩니다.

📘 DGP ETF 자세히 알아보기 →

commodityfuturesgoldleverage

규모: $227M 약 3114억원
운용사: -
운용 방식: 패시브 (지수 추종)
상장일: 2008년

Cost Efficiency

Annual Expense Ratio · Category Rank · Long-Term Cost Impact

Top-tier low cost — 0.75% annually

상위 5% within the Commodities & Metals - Leveraged / Inverse category. For a ₩100M investment, the annual cost is roughly ₩750,000.

Effective Annual Expense Ratio (Net Expense Ratio)

상위 5%

0.75%

My positionTop 5%

Low range Average High range

Actual Cost Simulation by Investment Amount

$100.0M

Annual Expense Ratio

$750K

Save $200K per year vs. category average

Category Median Annual Cost

$950K

Based on expense ratio of 0.95%

10-Year Cumulative Expense Ratio (Long-term simulation assuming 7% annual market growth)

$13.4M

13.8% of returns you could have earned goes to the fund manager due to fees

💡 Because the expense ratio takes a slice of your assets every year, costs compound over 10 years and result in far greater losses than a simple sum (annual fee × 10). The 7% annual return assumption is based on the S&P 500's long-term average.

Defaults shown against $100K baseline portfolio. Adjust the slider to update the amount in real time.

Long-Term Performance

1-year · 3-year · 5-year · 10-year returns · vs. benchmark · drawdown defense

Top-tier returns in its category

상위 5% vs. 전체 ETF.+11.5%p vs. benchmark (SPY) over 1Y.

ℹ️ The "1Y·3Y·5Y·10Y" periods below represent annualized returns (CAGR) measured backward from today. Example: "3Y +12%" means the investment grew at a compounded 12% per year over the past three years.

🪙 Commodity ETFs — Price moves, not dividends

These products are exposed to spot (or futures) commodity prices, pay no dividends, and returns come purely from price changes. Benchmarking against the commodity itself (rather than an index like SPY) may be more meaningful.

If you had invested 10 year(s) ago

$100.0M

Today's value

$464.9M

→

Total gain

+$364.9M

Annualized +16.6%

1 Year

2025.07 ~ 2026.07

Annualized +29.27%

상위 25%

Outperformed the benchmark by 11.5%p annually

My positionTop 25%

Low range Average High range

3 Years

2023.07 ~ 2026.07

Annualized +47.66% Cumulative +222.0%

상위 5%

Outperformed the benchmark by 28.4%p annually

My positionTop 5%

Low range Average High range

5 Years

2021.07 ~ 2026.07

Annualized +27.88% Cumulative +242.0%

상위 5%

Outperformed the benchmark by 14.7%p annually

My positionTop 5%

Low range Average High range

10Y

2016.07 ~ 2026.07

Annualized +16.61% Cumulative +364.9%

상위 25%

Outperformed the benchmark by 1.7%p annually

My positionTop 25%

Low range Average High range

10Y Cumulative Total Return Curve

2016-07-28 start, based on a 100M KRW base — read the curve values directly as units of 100M KRW (e.g., 308 → 3.08억 / 308M KRW). Both this ETF and the benchmark are rebased to 100 on the same start date for comparison.

DGP · Price Only DGP · Price + Cumulative Dividends DGP · Dividend Reinvested S&P 500 (SPY)

250

450

650

850

ℹ️ Price Only: Excludes dividends and tracks pure stock price only. Covered-call and high-dividend ETFs often show a flat or declining line on this view, which is meaningful from a "principal preservation" standpoint. Price + Cumulative Dividend: Share count stays the same and received dividends are accumulated as cash. Closely matches your actual account total assets. Reinvested: Dividends are immediately used to buy additional shares (adjClose-based, the industry standard for total return). The wider the gap between the three lines, the easier it is to gauge the effectiveness of the dividend strategy.

Annual Return Comparison

ETF returns vs S&P 500 (SPY) by calendar year

DGP S&P 500 (SPY)

+140%

−140%

+23%

2017

-10%

2018

+32%

2019

+44%

2020

-16%

2021

-3%

2022

+16%

2023

+54%

2024

+136%

2025

-20%

2026 YTD

💡 SPY is an equity benchmark, so direct comparison with different asset classes is for reference only.

ℹ️ Returns from January 1 to December 31 of each year. The current year (2026) column is dimmed to indicate YTD (incomplete). If blue is higher than gray, the ETF outperformed the benchmark in that year.

Win rate vs S&P 500 (SPY)

6 / 9Y

Consistently outperforms benchmark (67%)

+ 2026 YTD: Behind (-19.7% vs 8.7%)

2017 ✓

2018 ✗

2019 ✓

2020 ✓

2021 ✗

2022 ✓

2023 ✗

2024 ✓

2025 ✓

2026 ✗ YTD

💡 Win rates against SPY are for reference only, since the asset class differs.

ℹ️ Number of winning years versus S&P 500 (SPY) within a completed calendar year (1/1–12/31). The current year (YTD) is reported separately.

Downside Capture

🛡️ 47%

Falls less than the benchmark in drawdowns — strong downside protection

<85% (Defend) 85~110% (Track) >110% (Lag)

ℹ️ Average % drop of this ETF when S&P 500 (SPY) is −1%. Based on daily returns over the past 3 years (only days where the benchmark is negative).

Risk Profile

Volatility · Beta · Max Drawdown · Sharpe · Drawdown Recovery History

Overall Risk Grade

Commodity Benchmark

Commodities move on a different rhythm than the stock market, and volatility varies widely by type — gold tends to be stable while crude oil can swing sharply.

🪙 Commodity ETFs — Independent volatility patterns

Commodities move on a different cycle than equities. Beta (vs. stocks) carries little meaning, and volatility varies widely by asset (low for gold, high for crude oil).

Beta (market sensitivity)

하위 25%

0.34

If the market rises +10% +3.4%

If the market falls -10% -3.4%

My positionBottom 25%

Low range Average High range

ℹ️ A beta of 1.0 moves in line with the market. Above 1 means it moves more than the market; below 1 means less.

Average daily range (last 1 month)

평균권

±2.80%

S&P 500 typically ±1.0~1.3% · Bond funds ±0.3% · Leveraged ETFs ±3% or more

Annual volatility trend (past 10 years)

ℹ️ This ETF's average daily price swing. 1% means "on average, moves about ±1% per day." The rolling curve below shows the annualized volatility (long-term standard measure) over time.

Max Drawdown · Past 10 years

-51.2%

Drawdown duration: 8 months

2022-03-08 → 2022-10-20

Recovered in about 1.8 years

2015-07-31 Worst -50% 2026-07-01

ℹ️ Maximum drawdown is the largest peak-to-trough decline in the past. It represents the worst-case loss a long-term investor must psychologically endure.

Sharpe Ratio (Risk-Adjusted Return)

0.45

Weak — Low risk-adjusted returns

ℹ️ Annualized return minus the risk-free rate (3% annualized), divided by annualized volatility. A value above 1.0 is generally considered good risk-adjusted performance.

Estimated Monthly Maximum Loss (VaR 95%)

-12.2%

Historically, monthly losses exceeding this figure occurred only5%of the time.

ℹ️ A statistical estimate meaning "with 95% probability, monthly losses will not exceed this amount." The remaining 5% corresponds to crisis-level events such as financial crises or pandemics.

Overall investment appeal

What this ETF fits best — strengths, weaknesses, and target investor profile

A balanced, attractive ETF Holds up well across cost, performance, and stability.

🎯 목적별 적합도

내가 이 ETF를 어떤 목적으로 활용할 수 있는지 확인하세요.

🌳

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보통

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매우 낮음

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며칠~몇 주 단기 방향성 매매

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자산 배분·헤지 용도

매우 적합

👤

이런 분에게 어울려요

Investors seeking asset diversification

✅ 강점

💸Top 5% lowest expense ratio in Commodities & Metals - Leveraged / Inverse — 0.75% annually
📈Top 5% long-term returns in 전체 ETF
🎯Outperforms benchmark by +14.7%p annually

⚠️ 약점·주의사항

특별한 약점이 보이지 않아요.

Leveraged & Covered Call ETFs on the Same Theme

ETFs that approach the same theme with a different strategy

21 ETFs tracking the same theme as DGP using leveraged or covered call strategies (Leverage 8 · Inverse 6 · Covered Call 7)

Not direct derivatives of DGP, but ETFs that cover the same theme via a different strategy.

ℹ️ Which ETFs are included?

Among ETFs whose theme (category or sector) overlaps with DGP, some use special strategies. Leveraged ETFs aim for 2–3× the daily move, Inverse ETFs seek opposite-direction returns, and Covered Call ETFs generate monthly income from option premiums.

⚠️ Caution: Long-Term Holding

Leveraged and inverse ETFs track only the daily return. With high volatility, holding them for longer periods causes cumulative volatility decay—returns diverge further from the underlying index. They are meant for short-term trading.

📈 Leverage 8 ETFs that amplify the same theme by 2-3x (high volatility)